Here's why Gamestock stock has crashed over 80% in a week and my thoughts on if GME will continue to fall.
🔵 Get My FREE Investing Guide! 👉 http://bit.ly/3c90WyY
⭕️ Join The Investing Club Discord! // https://bit.ly/InvestingClubDiscord
💰 Get 2 free stocks on Webull! // http://bit.ly/2OWSIxz
🥇The Best place to buy Bitcoin! ($30 free crypto) // https://bit.ly/30qBHR4
🏦Get 6% interest on your Bitcoin // https://bit.ly/30z7kYV
📲 DM me on Instagram // https://bit.ly/3i9PR16
❤️ Support my channel on Patreon // https://bit.ly/2zHaKiz
Gamestock (GME) is down over 80% since last week. As brokerages like Robinhood stopped traders from buying GME and hedge funds covered their short positions, to me it is not looking good from here.
First, short interest is now under 40%. This is a HUGE drop from the over 140% short interest originally, and now there is less of a chance of a huge short squeeze as hedge funds like Melvin Capital have covered their shorts.
Another reason is the prisoner's dilemma GME holders are now it. It is true that the stock will continue to go up if everyone holds, but individually I expect traders with large gains to start to take profits and bagholders start to cover losses. Even though The WSB crowd claims they don't care if they lose money, I think it's a different story when the stock is actually crashing.
So what do I think happens next? I think the most likely scenario is the Gamestop crash continues as traders rush to exit their positions. Even though GME could still go to the moon if everyone HODLs, I see this as becoming less and less likely as the days go on.
#investingclub #gamestop #gme
DISCLAIMER: All information and data on my YouTube Channel, blog, email newsletters, white papers, Excel files, and other materials is solely for informational purposes. I make no representations as to the accuracy, completeness, suitability or validity of any information. Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional.
Owned and operated by INVESTING CLUB LLC
🔵 Get My FREE Investing Guide! 👉 http://bit.ly/3c90WyY
⭕️ Join The Investing Club Discord! // https://bit.ly/InvestingClubDiscord
💰 Get 2 free stocks on Webull! // http://bit.ly/2OWSIxz
🥇The Best place to buy Bitcoin! ($30 free crypto) // https://bit.ly/30qBHR4
🏦Get 6% interest on your Bitcoin // https://bit.ly/30z7kYV
📲 DM me on Instagram // https://bit.ly/3i9PR16
❤️ Support my channel on Patreon // https://bit.ly/2zHaKiz
Gamestock (GME) is down over 80% since last week. As brokerages like Robinhood stopped traders from buying GME and hedge funds covered their short positions, to me it is not looking good from here.
First, short interest is now under 40%. This is a HUGE drop from the over 140% short interest originally, and now there is less of a chance of a huge short squeeze as hedge funds like Melvin Capital have covered their shorts.
Another reason is the prisoner's dilemma GME holders are now it. It is true that the stock will continue to go up if everyone holds, but individually I expect traders with large gains to start to take profits and bagholders start to cover losses. Even though The WSB crowd claims they don't care if they lose money, I think it's a different story when the stock is actually crashing.
So what do I think happens next? I think the most likely scenario is the Gamestop crash continues as traders rush to exit their positions. Even though GME could still go to the moon if everyone HODLs, I see this as becoming less and less likely as the days go on.
#investingclub #gamestop #gme
DISCLAIMER: All information and data on my YouTube Channel, blog, email newsletters, white papers, Excel files, and other materials is solely for informational purposes. I make no representations as to the accuracy, completeness, suitability or validity of any information. Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional.
Owned and operated by INVESTING CLUB LLC
